Just a heads up, though this is an old thread, I did find that USAA does offer a secured Amex card that doesn't require you to put up a 10k CD. You do have to put up the secured amount that you want the limit to be, and it will go into a 2 yr CD.

It's an option and I don't think USAA has membership contraints like NFCU does, at least not anymore.

Secured USAA Amex != Secured Amex.

This card simply uses the Amex transaction network, it is not an actual Amex account. To pretty much everyone's knowledge, Amex isn't currently doing secured cards; instead, they're trying the pre-paid debit route. If this doesn't pan out, maybe they'll try again going the secured card route as they have in the past.

Just a heads up, though this is an old thread, I did find that USAA does offer a secured Amex card that doesn't require you to put up a 10k CD. You do have to put up the secured amount that you want the limit to be, and it will go into a 2 yr CD.

It's an option and I don't think USAA has membership contraints like NFCU does, at least not anymore.

Secured USAA Amex != Secured Amex.

This card simply uses the Amex transaction network, it is not an actual Amex account. To pretty much everyone's knowledge, Amex isn't currently doing secured cards; instead, they're trying the pre-paid debit route. If this doesn't pan out, maybe they'll try again going the secured card route as they have in the past.

I wish they would do an affordable for middle class income secured AMEX!!!

sjt wrote:Keep in mind that to obtain a credit card from USAA you need to be a full member. You also need to call to get a secured card application.

I was told before I closed the account (I was not a full member) that I could apply for a CC.

When I called a few weeks ago they told me that you had to have full member status to be able to apply for their credit products. It could be that anyone could apply for a unsecured product, but you definitly need full member status to be able to apply for the secured card.

Padunkadunk wrote:If its a secured offer, they need to call it that, otherwise what you were told is shady and illegal. You can't tether products in order to sell more. Making a person open a CD for a year before granting them a credit card is illegitimate.

I not quite sure what point you are trying to make.

As I understand it some people either 1) applied for an Amex card and they were counter offered with a secured card product or 2) they were solicited for the secured product.

Amex Secured might not be for everyone, but at least its an option that may suit some.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.